Costco Wholesale Corporation Reports July Sales ResultsAugust 7, 2019ISSAQUAH, Wash., Aug. 07, 2019 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) todayreported net sales of $11.43 billion for the retail month of July, the four weeks ended August 4, 2019, an increase of 7.9 percent from $10.59 billion lastyear.For the forty-eight weeks ended August 4, 2019, the Company reported net sales of $137.56 billion, an increase of 8.0 percent from $127.40 billionduring the similar period last year.Comparable sales were as follows: 4 Weeks 48 Weeks U.S.6.5% 7.9% Canada4.8% 1.5% OtherInternational1.3% 2.0% Total Company5.6% 6.2% E-commerce 21.3% 23.1% Comparable sales excluding the impacts from changes in gasoline prices, foreign exchange, and a previously disclosed accounting changeconcerning revenue recognition (ASC 606) were as follows: 4 Weeks 48 Weeks U.S.5.3% 6.4% Canada5.4% 5.2% OtherInternational4.0% 5.6% Total Company5.1% 6.1% E-commerce 23.8% 23.2% Additional discussion of these results is available in a pre-recorded telephone message. It can be accessed by dialing 1-855-859-2056 (conference ID7999322). This message will be available through 5:00 p.m. (PT) on Wednesday, August 14, 2019.Costco currently operates 778 warehouses, including 540 in the United States and Puerto Rico, 100 in Canada, 39 in Mexico, 29 in the UnitedKingdom, 26 in Japan, 16 in Korea, 13 in Taiwan, 11 in Australia, two in Spain, and one each in Iceland and France. Costco also operates e-commercesites in the U.S., Canada, the United Kingdom, Mexico, Korea, and Taiwan.Certain statements contained in this document and the pre-recorded telephone message constitute forward-looking statements within the meaning ofthe Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events,conditions or developments that the Company expects or anticipates may occur in the future. In some cases forward-looking statements can beidentified because they contain words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “likely,” “plan,”“potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or similar expressions and the negatives of those terms. Such forward-lookingstatements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by suchstatements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates,the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels,breaches of security or privacy of member or business information, conditions affecting the acquisition, development, ownership or use of real estate,capital spending, actions of vendors, rising costs associated with employees (generally including health care costs), energy and certain commodities,geopolitical conditions (including tariffs), the ability to remediate material weaknesses in internal control, and other risks identified from time to time inthe Company’s public statements and reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of thedate that they are made, and the Company does not undertake to update them, except as required by law.CONTACTS:
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